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Describe the possible uses and handling of accounting data that would need to be evaluated in consultation with users to determine security requirements?
Wiki User
∙ 9y ago
The information is considered very valuable by law. Therefore proper transition to evaluation is needed. Security measures such as paperless storage, spreadsheet passwords, evaluators confirmation sig is very useful, and required.
Wiki User
∙ 9y ago
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Which one of the following is not a characteristic generally evaluated in ratio analysis profitablility marketability liquidity or sovency?
Marketability is a characteristic that is not generally evaluated in ratio analysis.
What is the likelihood that a given aggressor will attempt to compromise an asset is evaluated?
likelihood rating
What is the accounting treatment of website development costs?
SIC 32 concludes that a website developed by an enterprise using internal expenditure, whether for internal or external access, is an internally generated intangible asset that is subject to the requirements of IAS 38, Intangible Assets.SIC 32 identifies the following stages of website development:PlanningApplication and infrastructure developmentContent developmentOperatingSIC 32 addresses the appropriate accounting treatment for internal expenditure on each of those stages of development and operation:(a) A website arising from development should be recognised as an intangible asset if, and only if, in addition to complying with the general requirements described in IAS 38.19 for recognition and initial measurement, an enterprise can satisfy the requirements in IAS 38.45. In particular, an enterprise may be able to satisfy the requirement to demonstrate how its website will generate probable future economic benefits under IAS 38.45(d) when, for example, the website is capable of generating revenues, including direct revenues from enabling orders to be placed. An enterprise is not able to demonstrate how a website developed solely or primarily for promoting and advertising its own products and services will generate probable future economic benefits, and consequently all expenditure on developing such a website should be recognised as an expense when incurred.(b) Any internal expenditure on the development and operation of an enterprise's own website should be accounted for in accordance with IAS 38. The nature of each activity for which expenditure is incurred (eg training employees and maintaining the website) and the website's stage of development or post-development should be evaluated to determine the appropriate accounting treatment. For example:Planning. The Planning stage is similar in nature to the research phase in IAS 38.42-.44. Expenditure incurred in this stage should be recognised as an expense when it is incurred.Application and Infrastructure Development. The Application and Infrastructure Development stage, the Graphical Design stage and the Content Development stage, to the extent that content is developed for purposes other than to advertise and promote an enterprise's own products and services, are similar in nature to the development phase in IAS 38.45-.52. Expenditure incurred in these stages should be included in the cost of a website recognised as an intangible asset in accordance with this Interpretation when the expenditure can be directly attributed, or allocated on a reasonable and consistent basis, to preparing the website for its intended use. For example, expenditure on purchasing or creating content (other than content that advertises and promotes an enterprise's own products and services) specifically for a website, or expenditure to enable use of the content (such as a fee for acquiring a licence to reproduce) on the website, should be included in the cost of development when this condition is met. However, in accordance with IAS 38.59, expenditure on an intangible item that was initially recognised as an expense in previous financial statements should not be recognised as part of the cost of an intangible asset at a later date (for instance, when the costs of a copyright have been fully amortised, and the content is subsequently provided on a website).Content Development. Expenditure incurred in the Content Development stage, to the extent that content is developed to advertise and promote an enterprise's own products and services (such as digital photographs of products) should be recognised as an expense when incurred in accordance with IAS 38.57(c). For example, when accounting for expenditure on professional services for taking digital photographs of an enterprise's own products and for enhancing their display, expenditure should be recognised as an expense as the professional services are received during the process, not when the digital photographs are displayed on the website.Operating. The Operating stage begins once development of a website is complete. Expenditure incurred in this stage should be recognised as an expense when it is incurred unless it meets the criteria in IAS 38.60.(c) A website that is recognised as an intangible asset under SIC 32 should be measured after initial recognition by applying the requirements of IAS 38.63-.78. The best estimate of a website's useful life should be short.
Importance of management accounting to a manufacturing firm?
Management accountingAccording to the Chartered Institute of Management Accountants (CIMA), Management Accounting is "the process of identification, measurement, accumulation, analysis, preparation, interpretation and communication of information used by management to plan, evaluate and control within an entity and to assure appropriate use of and accountability for its Resource (economics) resources. Management accounting also comprises the preparation of financial reports for non-management groups such as shareholders, creditors, regulatory agencies and tax authorities" (CIMA Official Terminology).The Institute of Certified Management Accountants (ICMA), states "A management accountant applies his or her professional knowledge and skill in the preparation and presentation of financial and other decision oriented information in such a way as to assist management in the formulation of policies and in the planning and control of the operation of the undertaking." Management Accountants therefore are seen as the "value-creators" amongst the accountants. They are much more interested in forward looking and taking decisions that will affect the future of the organization, than in the historical recording and compliance (store keeping) aspects of the profession. Management accounting knowledge and experience can therefore be obtained from varied fields and functions within an organization, such as information management, treasury, efficiency auditing, marketing, valuation, pricing, logistics, etc.Significance of management accounting to a manufacturing FirmProviding Information for Decision Making and Planning and Proactively Participating As Part of the Management Team in the Planning ProcessesPlanning is a very essential tool in every manufacturing firm. An entity needs to plan the location of its plants, introduction of new product lines and the strategies required to maintain the assets of the firm. Management accounting assists the firm to make cost-benefit analysis of each alternative and the best decision taken. For example, a soap manufacturing firm before undertaking the manufacture of a new type of soap will collect and analyze data on projected sales volumes, profit margins and costs of inputs. Management accounting provides this data. Any decision taken by the management team in the planning process has an effect on costs, revenues, and management accounting data are essential in estimating those effects. For example, management accountingManagement accounting would enable management to for example, budget for the cost of establishing a new plant and alternatives evaluated for the acquisition of the best plant. Budgets will also include targets to be met in the manufacture of goods. Targets include production volume, sales volume, profit, expenses, pilferage, losses and employee training. These data will be collected, analyzed and summarized for management use in the form of budgets prepared by the management accountant. Management accounting data such as daily sales report is crucial in making decisions as to the number of units to produce.Assisting Managers in Directing and Controlling Operational ActivitiesOperational activities form an integral part of the manufacturing process. The control function enables the operational managers ensure that activities conform to set standards. Detailed reports of various kinds prepared by the management accountant provide feedback as to whether the set standards are being met. Controlling is very essential in inventory control, total quality management and benchmarking in manufacturing firms. A performance report compares budgeted to actual results. In a manufacturing firm performance reports will indicate where some parts of production activities are not proceeding as planned so that corrective measures are instituted to reduce losses. E.g. measures of quality, including internal and external failure rates, yields, and rework can be computed. Measures of productivity efficiency, such as machine availability, throughput and lead times, average inventory levels, and set-up times can be calculated.Motivating Managers and Other Employees toward Organizational GoalsA well motivated staff enhances performance and productivity. Organizations are able to achieve their goals if employees are well motivated. Management accounting through budgeting motivates managers to direct their efforts toward achieving the organizational goals. In a manufacturing firm a budget indicates how resources are to be allocated and what activities are to be emphasized. Employee empowerment is the concept of encouraging and authorizing workers to take the initiative to improve operations, reduce costs, and improve product quality and customer service. For example, employees can be given incentives to develop new products for the organization.Measuring the Performance of Activities, Subunits, Managers, And Other Employees within the OrganizationManagement accounting assists management in measuring the performance of employees in executing organizational objectives. Performance measurement is used as a basis for rewarding performance through positive feedback, promotions and pay rises. Performance measure may be productivity per worker on which compensation may be based. Management accounting also provides data about the performance of the various sub units product lines, geographical units and divisions. These measures are important in determining whether a particular process or subunit (e.g. Quality Control Unit) in the firm is an economic viable unit.Assessing the Organizations Competitive Position and Working with Other Managers to Ensure the Organizations Long Run Competitiveness in the Industry.Globalization has heightened competition and among industries. Management accounting plays a crucial role in ensuring that an organization competes effectively and survives the competition. The financial strength of the organization must be prominent on the agenda of management. Innovative measures must be instituted and operations streamlined. Competitive prices must be adopted by the organization. Data on other competing products must be collected and carefully analyzed before investment decisions are taken. Cost benefit analysis is also important in the adoption of a particular method of production (labour or machines), make or buy decisions, inventory management and outsourcing. Management accounting provides the necessary data for these very essential decisions to be made.ReferencesDrury, C. (2004). Management and Cost Accounting. London: Thompson Learning.Garrison, & Noreen, (2000). Managerial Accounting. New York: Thompson Learning.Hilton, R.W. (1999). Managerial Accounting. New York: Irwin McGraw-Hill.Ingram, et al, (2001). Managerial Accounting: Information for Decisions. Ohio: Thompson Learning.By Kumor Reuben SeyramBachelor of CommerceSchool of BusinessUniversity of Cape Coast, Ghana.
Define Market Price?
The current price at which an asset or service can be bought or sold. Economic theory contends that the market price converges at a point where the forces of supply and demand meet. Shocks to either the supply side and/or demand side can cause the market price for a good or service to be re-evaluated.
How do you know if you have PID?
You will need to be evaluated by a physician to determine if you have PID.
How Long last temporary custody in Texas?
You should review the document that created the temporary custody to determine how and when the custody arrangement will be re-evaluated or terminated.You should review the document that created the temporary custody to determine how and when the custody arrangement will be re-evaluated or terminated.You should review the document that created the temporary custody to determine how and when the custody arrangement will be re-evaluated or terminated.You should review the document that created the temporary custody to determine how and when the custody arrangement will be re-evaluated or terminated.
Why are bonds evaluated by rating agencies?
to help investorsto help investors determine the likelihood of debt repayment a+
What does a 730 motion to proceed mean?
A 730 motion to proceed is a legal term to determine the sanity of the defendant. The defendant would be evaluated by a psychiatrist to determine if they are fit for trial.
In the arguments to an IF function the condition that is evaluated to determine if it is true or false is also sometimes called?
It can be called a logical test.
How much military training and military on the job trainging can be turned to college credit?
all military training and schooling has to be reviewed by a college at which time all such schooling and training can be evaluated to determine college credits allowed. I had one military school evaluated at 3 credits and other training evaluated for additional credits.
How are patients evaluated by orthopedic surgeons?
Prior to any surgery, candidates undergo extensive testing to determine appropriate corrective procedures.
Cost Accountant?
The principal responsibility of a cost accountant is to track and analyze the factors that result in the total cost of a product. This field of cost accounting differs from most other accounting specialties in that the focus of the career is on cost analysis and price allocation. This accounting method takes in two major principals: fixed cost accounting is used when production method is not a factor and variable cost accounting which examines product production and quantity. Cost accounting is broken down into two major categories, job order cost accounting and process cost accounting. Job order cost accounting is the specialty that determines product or service cost by considering the total cost of production for an individual product. Job order cost accounting tracks every expense involved in a product’s production to determine the final price of an individual product. Process cost accounting differs from job order cost accounting in that product cost is evaluated by summing of the cost of each process which results in a final product. Process cost accountants determine the expense of each particular process and then add them together to determine the price of a group of products. The minimum requirements to become a cost accountant are to earn a bachelor’s degree in accounting or a related degree. Many companies prefer either experience in cost analysis or project management. Accountants who have work experience in industrial or engineering product management are looked upon favorably. Earning a degree in finances or pursing an MBA with a focus on financial management will make any applicant very competitive. The CMA public accounting license is not necessary for employment but some employers do prefer it for the security it provides and the financial management principles involved in earning the license. The average earnings for a cost accountant are in the areas of $55,000 to $60,000. Entry level cost accountant can expect to start out at $35,000 to $40,000. Initial earnings will quickly increase after a few years of experience and will vary by location.
How do you construct analytic and holistic rubrics?
The analytic rubric is created by having a grid of requirements and the scores students get for reaching them. The holistic will have everything in one and it will all be evaluated together.
What should sources be evaluated for?
Sources should be evaluated for credibility, reliability, accuracy, and relevance to ensure the information is trustworthy and appropriate for the intended purpose. Check the author's credentials, publication date, potential biases, and supporting evidence to determine the credibility of a source.
What is 1-6 evaluated?
1-6 evaluated = -5
How do I file a medical malpractice lawsuit?
First you need to find a medical malpratice lawyer. You will need to be evaluated by a doctor through them. They need to be able to determine if you have enough to form a case. They will need to determine if the doctor was negligent and caused unneccassary harm or injury.
